International Relief and Development will announce Wednesday an overhaul of its brand and structure in the wake of a yearslong dispute with its main client, the United States Agency for International Development over alleged financial irregularities.
IRD’s new moniker, Blumont, will headline any bids on new projects after Jan. 26, when the firm plans to announce the shift to the public. Beyond a new label, IRD will also reveal its new structure and confirm rumors that the nonprofit will relocate its headquarters to Madison, Wisconsin.
Structured around award type, Blumont will comprise three subsidiary organizations, one for contracts; another for grants and cooperative agreements; and a third for-profit entity.
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About the author
Molly Andersmollyanders_dev
Molly Anders is a former U.K. correspondent for Devex. Based in London, she reports on development finance trends with a focus on British and European institutions. She is especially interested in evidence-based development and women’s economic empowerment, as well as innovative financing for the protection of migrants and refugees. Molly is a former Fulbright Scholar and studied Arabic in Syria, Jordan, Egypt and Morocco.
